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3425 Jasmine Ave, Los Angeles, CA 90034
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3425 Jasmine Ave Los Angeles, CA 90034

$3,100,000 Sold Price as of 06/23/2022
  • 11 Beds
  • 10 Baths
  • 6,451 Sq.Ft.
Sold
$3,100,000 Sold Price as of 06/23/2022 Refinance Your Mortgage
Map preview of 3425 Jasmine Ave, Los Angeles, CA 90034

Property Overview: 3425 Jasmine Ave Los Angeles, CA has 11 bedrooms, 10 bathrooms, 6,451 living square feet and 7,503 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Beautifully maintained 9 unit apartment building in prime Palms. The property consists of 1 - Single, 5 - 1 bedroom + 1bath, 2 - 2 bedroom + 1.5 bath and 1 - 2 bedroom + den + 2 bath units. The building is 6,451 square feet and sits on a 7,536square foot lot. It is individually metered for gas and electricity. The rents are below market and there is upside in the rents. Several of the units have been upgraded with new flooring, kitchen and bathroom counter tops and appliances. It is located in the high demand area of Palms adjacent to Culver City - one of the most desirable locations in Los Angeles. The area is undergoing an enormous transformation with the construction of many new apartment buildings as well as major entertaining companies such as Amazon, Apple and HBO opening offices nearby. Close to the future Google campus. Minutes to Culver City's popular restaurants, bars, fitness centers and theaters. Close to the Expo Line and the405 and 10 freeways. The earthquake soft story retrofit work has been completed.

Listed by Michael A Salerno | BRE #01212427 | Michael Anthony Salerno
Last checked: 11 minutes ago | Last updated: June 23rd, 2022 | Source CRMLS | DOM: 19

Home details

Lot Sq. Ft
7,503
HOA Dues
$0/mo
Year built
1966
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22158575
City
Los Angeles
County
Los Angeles
Time on Site
729 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 9
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,395
  • Total Rent: $2,395
  • Pro Forma/Market Rent: $2,595
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,475
  • Total Rent: $1,475
  • Pro Forma/Market Rent: $1,475
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,575
  • Total Rent: $1,575
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,829
  • Total Rent: $1,829
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,248
  • Total Rent: $1,248
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,995
  • Total Rent: $1,995
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,675
  • Total Rent: $1,675
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,675
  • Total Rent: $1,675
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 9
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,361
  • Total Rent: $1,361
  • Pro Forma/Market Rent: $2,100
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 16.37
  • Gross Scheduled Income: --
  • Net Operating Income: $109,715
  • Gross Operating Income: $179,818
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 3425 Jasmine Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Laundry Information
  • Has Laundry
  • Community
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 12
  • Has Parking
  • Parking Features: Carport
Property Information
  • Total # of Units: 9
  • Parcel Number: 4314015005
Location / Neighborhood
Location Information
  • Directions: 1/2 a block north of Palms Blvd and 2 blocks east of Motor Avenue
View more facts & features

Local Los Angeles Agent

Sale History for 3425 Jasmine Ave

Last sold for $3,100,000 on June 23rd, 2022

  • June, 2022

  • Jun 23, 2022

    Date

    Sold

    CRMLS: 22158575

    $3,100,000

    Price

  • May 18, 2022

    Date

    Active

    CRMLS: 22158575

    $3,095,000

    Price

  • April, 2019

  • Apr 12, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 3425 Jasmine Ave

Assessed Value (2020): $249,891
Year Land Value Improved Value Assessed Value
2020 $75,522 $174,369 $249,891

Home Value Compared to the Market

This property vs the competition

3425 Jasmine Ave sold on June 23, 2022 for 160.08% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $479.77 per/sqft which puts the price per square foot 36.45% lower than the current median sale per square foot for the city of Los Angeles.

About 3425 Jasmine Ave

Detailed summary of property

3425 Jasmine Ave is a multi family that recently sold in Los Angeles, CA 90034. This multi family property offered 11 bedrooms, 10 bathrooms, roughly 6,451 living square feet, and sits on an approximately 7,503 square foot lot. 3425 Jasmine Ave was first listed on ArdentRealEstateGroup.com on May 19, 2022. The homeowner sold the property for $3,100,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 160.08% higher than the current median priced home. Local homes that are currently for sale include 2625 Chariton, 2621 Chariton St and 2615 Chariton St. While the average home in Los Angeles, CA is selling in 92 days, 3425 Jasmine Ave has a days on market of 19 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 3425 Jasmine Ave Los Angeles, CA 90034 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3425 Jasmine Ave

Public county record property details
Beds
11
Baths
9
Year built
1966
Sq. Ft.
6,451
Lot Size
7,502
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
5
APN
4314-015-005

The source for these homes facts are from public records.

90034 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,895,000
Median List Price/Sq.Ft.
$900
Median Sold Price
$2,079,000
Median Sold Price/Sq.Ft.
$899
Total Inventory
44
Median Sale to List Price %
100%
Avg Days on Market
27
Loan Type
Conventional (0%), FHA (0%), VA (5.88%), Cash (5.88%), Other (11.76%)

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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